Jack Jiang
Senior ETF Specialist, Index and Quantitative Investment, ICBC Credit Suisse Asset Management (International) Co., Ltd.
“Counter-cyclical” adjustment factor resumed to anchor Chinese currency
China resumed CNY fixing “counter-cyclical” adjustment factor The People’s Bank of China (PBOC) announced on August 24 that China’s CNY fixing reporting banks have resumed the counter-cyclical adjustment (CCA) factor in the CNY official midpoint this month. This is the second move of Chinese authorities after the adoption of a 20% reserve requirement of FX…
Proactive Fiscal Policy to Be More Proactive: Takeaways From China’s State Council Executive Meeting on July 23, 2018
On July 23, 2018, China’s state council executive meeting hosted by Premier Li Keqiang announced that fiscal and monetary policy will be further fine-tuned to boost domestic demand. The meeting reiterated that China will strike a balance between “easing and tightening” and keep liquidity “reasonable and sufficient.” It was also stressed that China will not…
Quality over quantity: China’s Economic Growth Focus in 2018 – Part 2
After the Central Economic Work Conference (CEWC), specific plans and targets have been set for China’s economy. What are the investment opportunities followed the CEWC? Investment outlook To achieve high-quality development, the government will promote consumption and private investment to drive growth. Rural reform targeting to alleviate the poverty such as restoring land use rights…
Quality Over Quantity: China’s Economic Growth Focus in 2018 – Part 1
The Central Economic Work Conference (CEWC) was held in Beijing on 18-20 December, 2017. As the first CEWC after the 19th Party Congress, it set the tone for China’s central government’s economic policies in 2018. They are crucial to the long-term development of the world’s second-largest economy. Highlights of the CEWC (1) High-quality development over…
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- Tags CEWC, China, China GDP, Chinese economy, Chinese monetary policy, PBoC
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